Mintosaurs

Conditions of Mintosaurs Staking

Actually the parameters of our collection are following:
— The number of NFT in collection: 5000;
— The total amount of rarity score: 980 845 points;
— The average rarity score of one NFT: 196 points.

Pay attention to the fact that the most of rare NFT haven't been sold yet, that’s why the actual average rarity score is twice lower (86 points).

As a staking we propose a lottery with high probability of winning.

The conditions of a lottery:
Prize fund: 15 000 Toncoin;
Number of tickets: 3000;
Number of prizes: 1500;
Probability of winning: 50%;
All prizes are equal to 10 Toncoin.

The period of lottery: till 1st June 2022

All the tickets will be distributed between Mintosaurs holders in 2 stages.

First stage “Instant”

During this stage the half of tickets will be distributed (1500 tickets). On 1st June we’ll analyse all wallets of Mintosaurs holders. As we wrote above, the total amount of rarity score of the collection is 980 845 points. We divided this number by 1500 tickets and it equals to 653 points. For this amount of points Mintosaurs owner gets one lottery ticket. If a holder has 2000 points, he’ll get 3 tickets respectively.

In a case when the amount of rarity points of a holder is below 653, they won’t get a ticket.

Next stage “Accumulative”

During this stage the second half of tickets will be distributed (1500 tickets) and those that weren’t distributed during the first stage (there are going to be users who won’t get the number of rarity points multiple of 653).

From 1st of April we’re analysing the Mintosaurs holders’ wallets and adding extra +1% of rarity points per day to already collected stake. Allowable, you’ve 1 NFT or sum of 400 points of rarity. If you hold it till 1st June (the date of lottery tickets distribution) you get 61% of bonus rarity points - 244 points in this case. If you sell a part or all your NFTs from 1st April to 1st June, your points reset to zero. If you buy NFTs in this period of time, the accounting of bonus points will start the next day from the date of purchase. Transfer of bonus points is impossible. They’ll burn after resale.

Thus, the first stage aims to form a demand for the Mintosaurs by 1st June, the second is a full-fledged staking where a long-term holding gives a good chance to get a formidable amount of Toncoin.

And now some mathematics.

Consider the biggest holder of Mintosaurs from the rating. This is @rotgarfight_ru with 20329.43 points of rarity.

If we imagine that he won’t sell nothing from his collection by 1st June, we’ll get the following:

For Instant stage: 31 tickets.

For accumulative stage: here we can’t count exact numbers cause the total sum of points can be accounted only on the base of our NFTs holders’ actions. But with taking into consideration the fact that only 35% of the Collection is sold and that the part of accumulated points will reset to zero because of resales on the secondary market, we can roughly estimate that as a result of staking the sum of accumulated points would be approximately 200 000.

So, a ticket will be given for every 133 collected points. It means that @rotgarfight_ru gets 12 400 points and 93 tickets.

Thus, the sum of his tickets = 124 tickets and with probability of winning 50% he would get 620 Toncoin on 1st June.

Disclaimer: consider that the part of calculations have probabilistic character and final variant can be different.

What tasks are solved by this type of staking:
1. Creates a direct mechanism of improving the value of rare NFTs;
2. Allows to get a Toncoin bonus for holding your NFTs;
3. Stimulates to increase an amount of Mintosaurs in your collection of NFTs;
4. Adds a game-mechanic in this process.

To conduct a lottery we'll be using a smart-contract. It is ready and soon it’ll be published in open-source where everyone will be able to check it and make sure of fairness of distribution.

You can get more details about accrued points of staking and tickets in rating.

@mintosaurs

www.tgoop.com/mintosaurs/39

268 viewsApr 7, 2022 at 23:52

Conditions of Mintosaurs Staking

Actually the parameters of our collection are following:
— The number of NFT in collection: 5000;
— The total amount of rarity score: 980 845 points;
— The average rarity score of one NFT: 196 points.

Pay attention to the fact that the most of rare NFT haven't been sold yet, that’s why the actual average rarity score is twice lower (86 points).

As a staking we propose a lottery with high probability of winning.

The conditions of a lottery:
Prize fund: 15 000 Toncoin;
Number of tickets: 3000;
Number of prizes: 1500;
Probability of winning: 50%;
All prizes are equal to 10 Toncoin.

The period of lottery: till 1st June 2022

All the tickets will be distributed between Mintosaurs holders in 2 stages.

First stage “Instant”

During this stage the half of tickets will be distributed (1500 tickets). On 1st June we’ll analyse all wallets of Mintosaurs holders. As we wrote above, the total amount of rarity score of the collection is 980 845 points. We divided this number by 1500 tickets and it equals to 653 points. For this amount of points Mintosaurs owner gets one lottery ticket. If a holder has 2000 points, he’ll get 3 tickets respectively.

In a case when the amount of rarity points of a holder is below 653, they won’t get a ticket.

Next stage “Accumulative”

During this stage the second half of tickets will be distributed (1500 tickets) and those that weren’t distributed during the first stage (there are going to be users who won’t get the number of rarity points multiple of 653).

From 1st of April we’re analysing the Mintosaurs holders’ wallets and adding extra +1% of rarity points per day to already collected stake. Allowable, you’ve 1 NFT or sum of 400 points of rarity. If you hold it till 1st June (the date of lottery tickets distribution) you get 61% of bonus rarity points - 244 points in this case. If you sell a part or all your NFTs from 1st April to 1st June, your points reset to zero. If you buy NFTs in this period of time, the accounting of bonus points will start the next day from the date of purchase. Transfer of bonus points is impossible. They’ll burn after resale.

Thus, the first stage aims to form a demand for the Mintosaurs by 1st June, the second is a full-fledged staking where a long-term holding gives a good chance to get a formidable amount of Toncoin.

And now some mathematics.

Consider the biggest holder of Mintosaurs from the rating. This is @rotgarfight_ru with 20329.43 points of rarity.

If we imagine that he won’t sell nothing from his collection by 1st June, we’ll get the following:

For Instant stage: 31 tickets.

For accumulative stage: here we can’t count exact numbers cause the total sum of points can be accounted only on the base of our NFTs holders’ actions. But with taking into consideration the fact that only 35% of the Collection is sold and that the part of accumulated points will reset to zero because of resales on the secondary market, we can roughly estimate that as a result of staking the sum of accumulated points would be approximately 200 000.

So, a ticket will be given for every 133 collected points. It means that @rotgarfight_ru gets 12 400 points and 93 tickets.

Thus, the sum of his tickets = 124 tickets and with probability of winning 50% he would get 620 Toncoin on 1st June.

Disclaimer: consider that the part of calculations have probabilistic character and final variant can be different.

What tasks are solved by this type of staking:
1. Creates a direct mechanism of improving the value of rare NFTs;
2. Allows to get a Toncoin bonus for holding your NFTs;
3. Stimulates to increase an amount of Mintosaurs in your collection of NFTs;
4. Adds a game-mechanic in this process.

To conduct a lottery we'll be using a smart-contract. It is ready and soon it’ll be published in open-source where everyone will be able to check it and make sure of fairness of distribution.

You can get more details about accrued points of staking and tickets in rating.

@mintosaurs

BY Mintosaurs